UBS Group Analysts Give Commerzbank (ETR:CBK) a €8.90 Price Target

UBS Group set a €8.90 ($9.18) price objective on Commerzbank (ETR:CBK – Get Rating) in a research note issued to investors on Wednesday, Borsen Zeitung reports.

A number of other equities analysts have also weighed in on the stock. Berenberg Bank set a €7.00 ($7.22) target price on shares of Commerzbank in a research note on Tuesday, June 14th. Barclays set a €7.00 ($7.22) price target on shares of Commerzbank in a report on Friday, July 22nd. The Goldman Sachs Group set a €11.60 ($11.96) target price on shares of Commerzbank in a report on Thursday, July 21st. JPMorgan Chase & Co. set a €8.20 ($8.45) target price on shares of Commerzbank in a report on Wednesday, July 20th. Finally, Morgan Stanley set a €10.70 ($11.03) target price on shares of Commerzbank in a research report on Thursday, June 30th.

Commerzbank Stock Performance

Shares of Commerzbank stock opened at €7.24 ($7.46) on Wednesday. The firm has a fifty day moving average of €7.09 and a two-hundred day moving average of €7.16. The stock has a market capitalization of $9.07 billion and a price-to-earnings ratio of 19.16. Commerzbank has a 52 week low of €5.01 ($5.16) and a 52 week high of €9.51 ($9.81).

Commerzbank Company Profile

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Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.